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Earnings Week Ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM, and More

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The upcoming week is set to be a busy one for investors and traders as companies across various sectors gear up to release their quarterly earnings reports. While tech giants like Meta, Amazon, Alphabet, and Microsoft take center stage, a wide range of firms from industries such as consumer staples, automotive, industrials, airlines, and energy are also expected to announce their financial results.

Investors will be closely watching the earnings reports of Meta, Amazon, Alphabet, and Microsoft. These tech behemoths have been delivering strong performance throughout the year, with each company poised to contribute positively to their respective sectors. Both Meta and Alphabet have recently gained regulatory approval for their new mobile AR/VR devices, while Amazonโ€™s cost-cutting initiatives and margin improvements make it an attractive investment option.

In the automotive industry, General Motors and Ford will be reporting their earnings for the quarter. These companies are facing challenges such as supply chain disruptions and semiconductor shortages, but their ability to navigate these hurdles will be closely scrutinized by investors.

Other notable earnings releases include Coca-Cola and Colgate Palmolive in the consumer staples sector, Boeing in the aviation and defense industry, and energy giants ExxonMobil and Chevron. Market expectations for these companies vary, with some expected to show Y/Y growth in earnings per share and revenue, while others may face declines.

Monday, October 23

Cleveland-Cliffs (CLF)

Cleveland-Cliffs, a leading supplier of iron ore pellets to the North American steel industry, is set to announce its third-quarter earnings. Analysts anticipate a surge in profits, thanks to the companyโ€™s strong position in supplying automobile manufacturers and its competitive energy costs compared to European counterparts. However, revenue is expected to decrease slightly. Cleveland-Cliffsโ€™ performance will be closely watched by investors and analysts alike to gauge the companyโ€™s long-term prospects.

  • Consensus EPS Estimates: $0.44
  • Consensus Revenue Estimates: $5.53B

Tuesday, October 24

Alphabet (GOOG) (GOOGL)

Alphabet, the parent company of Google, will be reporting its quarterly results. With a track record of outperforming the broader market index, Alphabet is expected to continue its growth trajectory. Strong performance in YouTube, search, and artificial intelligence has positioned Alphabet favorably in the market. Analysts and investors will be looking for positive headlines from Alphabetโ€™s earnings report.

  • Consensus EPS Estimates: $1.45
  • Consensus Revenue Estimates: $75.73B

Microsoft (MSFT)

Microsoft, one of the worldโ€™s largest technology companies, will also be releasing its quarterly earnings. Following its recent acquisition of Activision Blizzard, Microsoftโ€™s financial report will be closely examined, although the impact of the deal will not be fully reflected in this report. Microsoftโ€™s ability to maintain its strong performance in various sectors, including cloud computing and gaming, will be of great interest to investors.

  • Consensus EPS Estimates: $2.65
  • Consensus Revenue Estimates: $54.54B

Wednesday, October 25

Meta Platforms (META)

Meta Platforms, formerly known as Facebook, will be announcing its quarterly earnings. The social media giant has experienced significant growth and is expected to continue its upward trajectory. Metaโ€™s cost-cutting measures and rebound in advertising income have contributed to its strong performance. The recent approval of new mobile AR/VR devices by U.S. regulators further enhances Metaโ€™s potential revenue streams. Analysts and investors will be eager to see if Meta can sustain its growth.

  • Consensus EPS Estimates: $3.60
  • Consensus Revenue Estimates: $33.43B

Boeing (BA)

Boeing, a leading aerospace and defense company, will report its quarterly earnings. Despite some challenges faced by the company, including manufacturing issues with its 737 MAX airplanes, Boeing has reiterated its ambitions to increase 787 production and has delivered a considerable number of airplanes to customers. Investors will closely watch Boeingโ€™s performance to assess the companyโ€™s ability to recover from recent setbacks.

  • Consensus EPS Estimates: $-2.53
  • Consensus Revenue Estimates: $18.37B

Thursday, October 26

Amazon (AMZN)

Amazon, the e-commerce and cloud computing giant, will be releasing its quarterly earnings report. Cost-cutting initiatives and improvements in its margins have made Amazon an attractive investment opportunity. However, concerns such as the FTC lawsuit and a weakening economy have led to differing views on the stock. Analysts maintain a consensus Strong Buy rating, while Seeking Alphaโ€™s Quant Ratings assesses the stock as a Hold. Amazonโ€™s ability to overcome these challenges will be closely monitored by investors.

  • Consensus EPS Estimates: $0.60
  • Consensus Revenue Estimates: $141.621B

Friday, October 27

Oil giants Chevron and Exxon Mobil are scheduled to release their quarterly earnings before the market opens. While Chevron has seen positive growth, Exxon Mobil has faced challenges. Analysts expect differing results for these energy companies, influenced by market conditions and crude oil prices. Investors will assess the performance of both Chevron and Exxon Mobil to determine their future prospects.

Please note that this is not an exhaustive list of earnings releases for the week. Many other companies, including Ford, General Motors, Coca-Cola, Colgate Palmolive, and major airlines, are also set to report their financial results.

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